Difference between revisions of "Beacon Hill Resources"
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According to the company's website, '''Beacon Hill Resources''' is an AIM listed coking coal producer focused on building and developing a portfolio of resource assets with near term production potential in commodities associated with the steel industry. The company operates and office in Mozambique, but has headquarters in the United Kingdom.<ref>[http://www.bhrplc.com/News.aspx?ArticleId=5172926 "Global Coke Off-Take Agreement"] Beacon Hill Website, accessed December 8, 2011.</ref> | According to the company's website, '''Beacon Hill Resources''' is an AIM listed coking coal producer focused on building and developing a portfolio of resource assets with near term production potential in commodities associated with the steel industry. The company operates and office in Mozambique, but has headquarters in the United Kingdom.<ref>[http://www.bhrplc.com/News.aspx?ArticleId=5172926 "Global Coke Off-Take Agreement"] Beacon Hill Website, accessed December 8, 2011.</ref> | ||
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| + | ==Coal project== | ||
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| + | Beacon Hill Resources, through its subsidiary [[BHR Mining Limited]], owns and operates the [[Minas Moatize coal mine]] in Mozambique.<Ref>[http://af.reuters.com/article/investingNews/idAFJOE7AH05R20111118?feedType=RSS&feedName=investingNews&sp=true "Beacon Hill sees first Mozambique coal exports this year"] Agnieszka Flak, Reuters, November 18, 2011.</ref> | ||
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| + | In April 2013 Platts reported that Beacon Hill Resources reported in its quarterly activities report that it had reached an agreement with the Mozambican government "allowing the government a 5% equity stake in the Minas Moatize coking coal project and giving it the option to acquire another 10% interest at fair market price." The company stated that in April it had signed a mining contract with the government which would "enhance the stability of the fiscal and regulatory environment for a period of 25 years."<ref name=Platts>[http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Coal/26899600 "Beacon Hill enters into mining contract with Mozambican government"], ''Platts'', April 30, 2013.</ref> | ||
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| + | In 2012 Beacon Hill Resources produced just 54,432 mt of saleable coal. The company reported that it had negotiated a rail access agreement with logistics company Portos e Caminhos de Ferro de Mocambique to receive 500,000 mt/year rail capacity on the [[Sena railway]] to [[Beira Port]].<ref name=Platts/> | ||
==Articles and Resources== | ==Articles and Resources== | ||
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===External articles=== | ===External articles=== | ||
* [http://www.macauhub.com.mo/en/news.php?ID=7769 "Riversdale wants to start coal mining in Benga, Mozambique in 2011"], ''Macauhub'', July 20, 2009. | * [http://www.macauhub.com.mo/en/news.php?ID=7769 "Riversdale wants to start coal mining in Benga, Mozambique in 2011"], ''Macauhub'', July 20, 2009. | ||
| + | * Jacqueline Holman,[http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Coal/26899600 "Beacon Hill enters into mining contract with Mozambican government"], ''Platts'', April 30, 2013. | ||
[[Category:Climate change]] | [[Category:Climate change]] | ||
Latest revision as of 15:45, 25 December 2019
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According to the company's website, Beacon Hill Resources is an AIM listed coking coal producer focused on building and developing a portfolio of resource assets with near term production potential in commodities associated with the steel industry. The company operates and office in Mozambique, but has headquarters in the United Kingdom.[1]
Contents
Coal project
Beacon Hill Resources, through its subsidiary BHR Mining Limited, owns and operates the Minas Moatize coal mine in Mozambique.[2]
In April 2013 Platts reported that Beacon Hill Resources reported in its quarterly activities report that it had reached an agreement with the Mozambican government "allowing the government a 5% equity stake in the Minas Moatize coking coal project and giving it the option to acquire another 10% interest at fair market price." The company stated that in April it had signed a mining contract with the government which would "enhance the stability of the fiscal and regulatory environment for a period of 25 years."[3]
In 2012 Beacon Hill Resources produced just 54,432 mt of saleable coal. The company reported that it had negotiated a rail access agreement with logistics company Portos e Caminhos de Ferro de Mocambique to receive 500,000 mt/year rail capacity on the Sena railway to Beira Port.[3]
Articles and Resources
Sources
- ↑ "Global Coke Off-Take Agreement" Beacon Hill Website, accessed December 8, 2011.
- ↑ "Beacon Hill sees first Mozambique coal exports this year" Agnieszka Flak, Reuters, November 18, 2011.
- ↑ Jump up to: 3.0 3.1 "Beacon Hill enters into mining contract with Mozambican government", Platts, April 30, 2013.
Related SourceWatch articles
External resources
- International Energy Agency, "Coal in Mozambique in 2006", International Energy Agency website, accessed August 2009.
- U.S. Geological Survey, "The Mineral Industry of Mozambique", reports 1994-2007,
- Thomas R. Yager, "The Mineral Industry of Mozambique: 2007, U.S. Department of the Interior, U.S. Geological Survey, February 2009.
External articles
- "Riversdale wants to start coal mining in Benga, Mozambique in 2011", Macauhub, July 20, 2009.
- Jacqueline Holman,"Beacon Hill enters into mining contract with Mozambican government", Platts, April 30, 2013.
